NextNav (NASDAQ:NN) CEO Mariam Sorond Sells 69,853 Shares of Stock

Posted by Geri Gentry on Sep 4th, 2026

NextNav Inc. (NASDAQ:NN – Get Free Report) CEO Mariam Sorond sold 69,853 shares of NextNav stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $15.30, for a total transaction of $1,068,750.90. Following the transaction, the chief executive officer directly owned 1,171,792 shares of the company’s stock, valued at approximately $17,928,417.60. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mariam Sorond also recently made the following trade(s):

On Tuesday, June 16th, Mariam Sorond sold 2,830 shares of NextNav stock. The stock was sold at an average price of $18.33, for a total value of $51,873.90.

NextNav Stock Up 2.4%

NextNav stock opened at $15.72 on Friday. The company has a market capitalization of $2.65 billion, a P/E ratio of -16.21 and a beta of 1.12. The stock’s 50 day moving average is $15.73 and its 200 day moving average is $17.58. NextNav Inc. has a twelve month low of $10.87 and a twelve month high of $24.42.

NextNav (NASDAQ:NN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). NextNav had a negative net margin of 3,232.19% and a negative return on equity of 211.25%. The company had revenue of $1.15 million for the quarter, compared to analysts’ expectations of $0.92 million. As a group, equities analysts expect that NextNav Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in NextNav by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 10,950 shares of the company’s stock worth $182,000 after purchasing an additional 675 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NextNav by 1.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company’s stock valued at $733,000 after buying an additional 714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NextNav by 0.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,213 shares of the company’s stock valued at $3,332,000 after buying an additional 863 shares during the period. Cannell & Spears LLC boosted its stake in shares of NextNav by 0.7% in the 1st quarter. Cannell & Spears LLC now owns 122,851 shares of the company’s stock worth $1,961,000 after buying an additional 899 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of NextNav by 347.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock worth $37,000 after buying an additional 1,721 shares during the last quarter. Institutional investors own 79.16% of the company’s stock.

Wall Street Analysts Forecast Growth

NN has been the subject of several recent analyst reports. Oppenheimer upped their price target on shares of NextNav from $25.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Zacks Research lowered shares of NextNav from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 20th. Wall Street Zen cut shares of NextNav from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Odeon Capital Group began coverage on shares of NextNav in a report on Monday, July 20th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextNav in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.33.

Get Our Latest Research Report on NextNav

NextNav Company Profile

(Get Free Report)

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.